Contacts

Noah Birk

Kiser Group

(773) 293-5090

Property Details

Property Type Multi-Family
Property Size 8,850 SF
Units 11
Year Built 1962
Date Updated Feb 29, 2024

11 Units :: South ShoreKiser Group is pleased to exclusively present for purchase 7800 S. Coles a beautiful eleven (11) California-style building located in Chicago's historic South Shore Neighborhood. Right off of Lake Michigan and Rainbow Beach Park, the building sits within walking distance of an abundance of public transportation options. Additionally, for quick and convenient transportation, the asset is nearby to Chicago’s Lake Shore Drive which provides tenants easy access to Chicago’s downtown in roughly fifteen minutes. 7800 S. Coles is comprised of five (5) 1b/1ba and six (6) 2bd/1ba. The units all feature hardwood flooring throughout and updated LVP flooring where necessary. Furthermore, additional improvements to the building consist of but are not limited to, in-unit HVAC, all copper plumbing, an updated roof, laundry access for tenants, and a paved parking lot in the rear. 7800 S. Coles presents an investor with a unique opportunity to acquire a strong, positive cash-flowing building with an in-place cap rate of over 8.2%. Given the quality of the units coupled with the prime location, by releasing and increasing rents to levels already being achieved in the building, an investor could further improve cash returns.

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Highlights

Completely Gut Renovated
Six (6) 2Bd/1Ba & Five (5) 1Bd/1Ba
In-Unit Furnaces & Copper Plumbing
Updated Porches & Roof
Desirable South Shore Location
Blocks from Lake Michigan

Getting around

65/100
Walk Score ®
65/100
Transit Score ®
61/100
Bike Score ®

Powered by Walk Score ®

City Chicago, IL
Neighborhood South Shore
Zip Code 60649
Market Chicago

Points of Interest

Cheltenham (79th Street)

0.11 miles
Windsor Park

0.45 miles
83rd Street

0.59 miles
South Shore

1.00 miles
87th Street

1.11 miles
Bryn Mawr

1.52 miles
South Chicago (93rd Street)

1.87 miles
Stony Island

1.98 miles
59th Street (University of Chicago)

2.95 miles
55th-56th-57th Street

3.21 miles

GoLo

0.33 miles
Citgo

0.67 miles
Citgo

0.73 miles
Amstar

0.79 miles
All Star

0.81 miles
Fuel Star

1.19 miles
Midwest

1.29 miles
Amstar

1.47 miles
BP

1.67 miles
BP

1.77 miles

93rd (South Chicago)

2.00 miles
Dorchester Parking Lot

2.90 miles
Lexington Parking Lot

3.32 miles
Campus South Parking

3.41 miles
Parkiing / Mat Mgmt

3.59 miles
Medical Campus Parking Garage A

3.64 miles
Campus North Parking Garage

3.72 miles
Medical Campus Parking Garage B

3.77 miles
City of Chicago Auto Pound

3.83 miles
Garfield Park & Ride

4.45 miles

South Shore Motel

1.72 miles
Skyway Motel

2.45 miles
East of the Ryan

2.54 miles
Empire Motel

2.68 miles
The Study at the University of Chicago

3.08 miles
Admiral Motel

3.21 miles
Best Motel

3.53 miles
Hyatt Place Chicago-South/University Medical Center

3.68 miles
Sophy Hotel

3.70 miles
Chicago Lake Shore Hotel

3.94 miles

Save-A-Lot

0.62 miles
Cecy's Molino De Masa

1.00 miles
Local Market Foods

1.35 miles
La Fruteria

1.44 miles
Macias Produce

1.49 miles
El Guero

1.60 miles
La Jerezana

1.66 miles
1st Choice Market

1.69 miles
Jewel-Osco

1.81 miles
Zees Supermarket Plus

1.81 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

7800 South Coles Avenue